VE Commercial Vehicles Ltd (VECV), the joint venture between Volvo Group and Eicher Motors, has recorded its highest-ever annual sales, surpassing the 100,000-unit mark in FY 2025–26. This milestone reflects sustained growth momentum and marks the fulfilment of a long-standing goal envisioned at the inception of the partnership.
The company’s performance was supported by strong demand across segments. Light and Medium Duty trucks led the portfolio with 47,789 units, contributing 46.1% of total sales. Heavy Duty trucks followed with 26,867 units (25.9%), while the bus segment accounted for 19,363 units, representing 18.7% of overall volumes.
This achievement underscores the strength of VECV’s diverse product lineup, which caters to a wide range of applications. The company’s focus on fuel efficiency, high uptime, and customer-centric solutions has played a key role in driving adoption across markets. Since its formation in 2008, the joint venture has combined global engineering expertise with a deep understanding of Indian operating conditions, helping redefine standards in the commercial vehicle space.
B Srinivas, Managing Director and CEO, VECV, said the milestone reflects strong customer confidence and validates the company’s long-term strategy. He noted that the achievement aligns with the founding vision of the partnership and positions the company for its next phase of growth driven by innovation, sustainability, and deeper customer engagement.
VECV continues to contribute to India’s manufacturing and mobility ambitions through its “Make in India” approach and expanding export footprint. The company has benefited from infrastructure development initiatives and policy support aimed at cleaner mobility, while maintaining a strong focus on advanced emission technologies.
The company has also led several industry-first initiatives, including early adoption of BS VI technologies and the rollout of a fully connected vehicle ecosystem through its telematics platform. These capabilities are supported by a robust manufacturing base that includes multiple plants across India, along with a wide service and dealership network exceeding 1,250 touchpoints. With continued investments in technology and capacity expansion, including a new transmission facility, VECV is well positioned to support evolving customer needs while enhancing efficiency, productivity, and sustainability in commercial transportation.
